23 Feb '14, 5pm

How is it created? Spent? Here's a Bitcoin primer - Pioneer Press #bitcoin

How is it created? Spent? Here's a Bitcoin primer - Pioneer Press #bitcoin

Related Stories Feb 22: Edward Lotterman: Are Bitcoins the future of money? Maybe Bitcoin transitioning from obscurity to commonplace Feb 4: Wisconsin man loses $150,000 in international bitcoin scam Jan 27: 2 Bitcoin operators charged illicit drug site bust Dec 26: Bitcoin: Digital currency has its ups and downs Dec 23: Man in drug website case wants his bitcoin back Dec 14: Vegas mansion for sale, bitcoin accepted What is Bitcoin? In the simplest sense, it is Internet money. Created on a computer, stored in a digital wallet and used in transactions almost entirely online, it is not the sort of currency you can carry around in your pocket (at least most of the time). It is a currency of the Internet age. How is Bitcoin created? The currency is spawned on computers that solve complex mathematics problems in a process called "Bitcoin mining." Solving one such puzzle generat...

Full article: http://www.twincities.com/business/ci_25202163/bitcoin-pr...

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